2.15% 7-Month CD at One Georgia Bank - Atlanta Area Only

One Georgia Bank continues to offer several competitive deposit rates. One is a special 7-month CD with a 2.15% APY. Minimum deposit is $5,000 with new funds. The special requires a checking account with direct deposit. Maximum deposit is $100,000. The bank's standard CDs and IRAs also have competitive rates. These include a 2.15% APY 18-month CD and a 2.30% APY 24-month CD. Minimum deposit is $1,000. These rates are listed in the bank's rate table as of 12/29/09.

My last report on this bank was in March 2009 when this 7-month CD had a yield of 3.00% APY. This is a good example of how much rates have gone down this year.

The bank continues to offer a high yield savings account with a top yield of 2.50% APY (was 3.00% last March) on balances up to $10,000 (1.25% for above). This also has the same checking account requirement as the special CD.

At the bottom of the rate table it states that they do not accept deposits outside of their market area. The bank is located in Atlanta, Georgia.

The bank's ratings for safety and soundness are a little weak: 2 stars (problematic) at BauerFinancial (based on 9/30/09 data) and 1 star (lowest) at Bankrate.com (based on 6/30/09 data). It has been a FDIC member since 2006 (FDIC Certificate # 58238).

Thanks to the reader Atlanta Wolf who mentioned these new rates in the comments.

One Georgia Bank continues to offer several competitive CD rates. These include a special 7-month CD with a 3.00% APY. Minimum deposit is $5,000 with new funds. The special requires a checking account with direct deposit. Maximum deposit is $100,000. The bank's standard CDs and IRAs also have competitive rates. These include a 3.15% APY 18-month CD and a 3.25% APY 24-month CD. Minimum deposit is $1,000. These rates are listed in the bank's rate table as of 3/12/09.

One Georgia Bank is listing several competitive CD rates. These include a special 7-month CD with a 4.00% APY. Minimum deposit is $5,000 with new funds. The special requires a checking account with either direct deposit or bill pay. Maximum deposit is $100,000. Other competitive rates include a 3.75% APY 12-month CD and a 4.00% APY 18-month CD. The rates for the long-term CDs are also competitive. These range from 4.10% APY for 24 months to 4.35% APY for 60 months. Minimum deposit is $1,000. These are also available as...

Update 11/06/08: Rates have changed: Yield of 7-month CD special has fallen from 4.50% to 4.25% APY, and the yield of the savings account has fallen from 5% to 4% APY. Please check the bank's website for the latest rates.

One Georgia Banks has increased its special 7-month CD yield to 4.50% APY. Minimum deposit to open is $5,000 in new funds to the bank. Maximum deposit $1,000,000. You must have a qualifying checking account with direct deposit or online bill pay.

Update 8/09/08: The CD rates have changed. The 12-month CD yield has fallen to 4.40% APY, and they are no longer listing the 18-month and 30-month CDs. There is a new 8-month CD with a yield of 4.00% APY. The rate table states that this 8-month CD is only for Georgia residents. The title has been modified to reflect these changes.

American United Bank has some attractive CD rates. These include a 4.60% APY 12-month CD, a 4.71% APY 18-month CD and a 4.71% APY 30-month CD. The minimum deposit is...

One Georgia Banks is offering some attractive CD and savings account promotions. These include a 4.25% APY 7-month CD and a 3.75% APY 4-month CD. The minimum deposit is $5,000. The savings account has a yield of 5% APY on all balances up to $10,000 (2% for above). Both require new money and a checking account with direct deposit or online bill pay.

At the bottom of the rate table it states that they do not accept deposits outside of their market area. The bank is located in Atlanta, Georgia.

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